Omnicom Group (OMC) FY2019 results: revenue $15.0 billion, down 2.2% on the year
Omnicom Group Inc. (OMC) reported revenue of $15.0 billion for fiscal 2019, the year ended 31 December 2019, down 2.2% on the year before. Net income was $1.3 billion, up 1.0%, and diluted earnings per share $6.06. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2020.
Revenue
$15.0 billion
-2.2% on the year
FY2012FY2019
Operating margin
14.2%
14.0% a year earlier
FY2012FY2019
Net income
$1.3 billion
+1.0% on the year
FY2012FY2019
Diluted EPS
$6.06
+3.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
14,954
15,290
15,274
-2.2%
Cost of revenue
12,194
12,437
12,468
-2.0%
Gross profit
2,760
2,853
2,806
-3.3%
Gross margin
18.5%
18.7%
18.4%
Selling, general and administrative
406
455
440
-10.9%
Operating income
2,122
2,134
2,084
-0.5%
Operating margin
14.2%
14.0%
13.6%
Interest expense
244
266
249
-8.3%
Pre-tax income
1,938
1,924
1,885
+0.7%
Income tax
504
493
696
+2.4%
Effective tax rate
26.0%
25.6%
36.9%
Net income
1,339
1,326
1,088
+1.0%
Net margin
9.0%
8.7%
7.1%
Diluted EPS
$6.06
$5.83
$4.65
+3.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,856
1,722
2,024
+7.8%
Capital expenditure
102
196
156
-47.8%
Free cash flow
1,754
1,527
1,868
+14.9%
Free cash flow margin
11.7%
10.0%
12.2%
Cash from investing
-30.9
-222
-115
Cash from financing
-1,222
-1,441
-1,343
Depreciation and amortisation
232
264
282
-12.3%
Share-based compensation
72.5
70.5
80.2
+2.8%
Buybacks
610
581
568
+5.0%
Dividends paid
564
548
515
+2.9%
Dividend per share
$2.60
$2.40
$2.25
+8.3%
Diluted shares, weighted
221m
228m
234m
-2.9%
Shares outstanding at period end
217m
224m
230m
-3.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
2,854
2,547
2,615
+12.0%
Non-controlling interest
520
560
537
-7.1%
Short-term borrowings
10.1
8.1
n/a
+24.7%
Debt
5,123
4,900
4,925
+4.5%
Operating lease liabilities
1,275
0.0
n/a
Finance lease liabilities
92.1
n/a
n/a
Other liabilities
16,910
16,602
16,854
+1.9%
Total liabilities and equity
26,783
24,617
24,931
+8.8%
Fixed assets
663
694
691
-4.5%
Goodwill
9,440
9,384
9,338
+0.6%
Intangible assets
338
383
368
-11.7%
Investments
3.6
5.5
0.4
-34.5%
Cash and equivalents
4,306
3,652
3,796
+17.9%
Receivables
7,829
7,666
8,084
+2.1%
Other assets
4,203
2,832
2,654
+48.4%
Total assets
26,783
24,617
24,931
+8.8%
10-K for the year ended 31 December 2019, filed 11 February 2020: the filing.